“Value Creation” Merchant Banking – Newmont Capital
- Portfolio Management
- Evaluation of asset portfolio
- Includes US$250-300 million in equity investments
- US$400 million cash in non-core asset sales
- US$215 million to date (Lihir, Aber, Inco and others)
- US$180 million from Echo Bay/TVX (~November 2002)
- Disciplined Capital Allocation
- Partnerships, acquisitions, joint-ventures etc.
- District and Management Review
- Hemlo Camp (Canada)
- Carlin Trend (Nevada)
- Boddington & Kalgoorlie (Australia)